The Fantasy Top trading card game experienced significant market fluctuations following its first tournament, which was cut short by a day due to botting issues. This led to an unexpected dip in card values, with mid-tier and rare cards dropping by as much as 50%. However, the price of common cards remained relatively stable at 0.009-0.01 ETH. Before the tournament, card prices had surged, with the floor price reaching 0.014 ETH, a nearly 5x increase from 0.003 ETH. Post-tournament, the floor price was up about 20-30% from local lows. The supply of cards remained stable at around 207,000 after the distribution of free and discounted packs ceased. Additionally, the cost of minting new packs rose significantly from around 0.1 ETH to 0.396 ETH.
My Fantasy Top portfolio 48 hours after the influencers implored us to buy their cards during the tournament: https://t.co/ncyWga1RPs
Fantasy Top floor up about 20-30% off local lows. Nice to see after some expected volatility post-Tourney 1. Now we await rewards distribution... https://t.co/2A6qjlY9rA
Current @fantasy_top_ packs are minting for .396 eth, up from .1ish on day one 'WHO WOULD RIP PACKS FOR .4 eth??' Just wait till you have 20,000 players playing multiple concurrent tournaments... Stack your common cards during this dip or fade and rip packs at 1eth ✍️ https://t.co/CwbSEVNTYW
Very interesting price action on Fantasy Top this afternoon. ICYMI, they cut the Tourney 1 by 1 day due to botting and then announced Leagues. The Common floor dipped but is holding at 0.009-0.01 ETH. But mid-tiers and rares are bleeding (many down 50% or more). Any major… https://t.co/OLHXDsgli0
Fantasy Top Cards are bleeding after the tournament unexpectedly ended early📉 Here are 3 @fantasy_top_ heroes I’m buying on this dip: https://t.co/AwndkMjX7A
First @fantasy_top_ tournament done. Super happy for placing 62nd! Wonder what the rewards are... I did notice that I moved up a league! I think we will see some league specific tournaments hit Buying the dip right now as people worry about card inflation. not fa https://t.co/jRaBOR8WH1
The Fantasy Top floor is rising 📈 With the free and discounted packs now gone, supply is holding steady at ~207k cards. And the floor is up ~75% on the day to 0.014 ETH (besides Bharat, sorry Bharat). The floor was 0.003 for much of the weekend, now up nearly 5x... https://t.co/TM4hW5BI0t
On Saturday, @beast_ico laid out 3 upcoming catalysts for @fantasy_top_: 1. Inflow of card supply from packs increasing 2. FOMO from payout to creators and tournament winners 3. Main tournament rewards Since then, all top hero cards have done a 2-4x Should we run back another… https://t.co/qqYRToOElW